Rivian Automotive, Inc.

Rivian's shares fell more than 25% in three months after reporting a $833 million loss while delivering just over 12,000 vehicles in the quarter. The recently launched R2 debuted near $58,000 despite an advertised $44,990 base price, slowing demand and leaving it positioned against the dominant Tesla Model Y. Rivian's Autonomy+ trails Tesla's driver-assist system, and U.S. EV sales fell roughly 20–25% year‑over‑year, weighing on near-term prospects. The stock is likely to trade sideways until Q3 results provide fresh guidance. » More on finance.yahoo.com

Rivian said it no longer expects to reach its 2027 profitability target due to increased R&D spending to speed up its autonomy roadmap. Management prioritizes investment in self-driving technology to compete long term in consumer and robotaxi markets, even at the cost of near-term profits. The move aims to strengthen Rivian’s future competitiveness rather than signaling diminished commitment to scaling the EV business. » More on finance.yahoo.com

Uber will invest up to $1.25 billion in Rivian through 2031 tied to milestones and plans to deploy 10,000 fully autonomous R2 robotaxis in an initial phase (San Francisco and Miami targeted for 2028) with expansion to 25 more cities by 2031 and an option to buy up to 40,000 additional R2s from 2030. The partnership includes licensing fees for Rivian's autonomous driving software, creating a recurring high-margin revenue stream beyond vehicle sales. The deal positions Rivian to capture robotaxi-driven value similar to what analysts attribute to Tesla's valuation potential. » More on finance.yahoo.com